FluffyPony Says That Monero Has Made Improvements To Their Terms Of Privacy Since Inception

Monero has been accused of being used by criminals to launder money or hide. However, Spagni said that many individuals think that anything related to cryptocurrencies is illegal, even when they are not. Spagni noted:

“People cannot be stopped from the technology they use and this fact should be accepted and embraced. To ensure a safe transaction environment, there should be regulations within the space. It is still early days for the technology and there is still a lot more to come for the Monero ecosystem.”

Riccardo also talked about the utilization instances of the privacy token just as the stamped appropriation of cryptocurrency around the world. As indicated by Spagni, many believe that anything identified with cryptocurrency is illicit when they are indeed not. The core developer seemed proud of the fact that he has been part of the project for a long time and plays an important role in developing the privacy-oriented cryptocurrency and bringing the best out of it. He further mentioned that he was one of the very first miners of this privacy-oriented cryptocurrency.

He later stated that he had made changes in the codes and he himself implemented them.

“Obviously, since then, we’ve implemented many things. So, you know, Monero is now almost five years old and over the course Monero’s history, we’ve made rapid and vast improvements to Monero’s privacy compared to the relatively weak privacy it had at the beginning and then just usability.”

Other virtual currencies such as Bitcoin are public and anyone can see what happens in the network. Information about wallets and transactions is available for everyone interested in it. Monero works in a different way and protects users from showing any information about their transactions.

Sritanshu has a keen interest in emerging technologies, startups and economic anthropology. He holds the view that cryptocurrencies are the best bet humanity has got to push the world towards a borderless economy.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

Revolutionary Blockchain-based Crowdfunding Platform
When the Ethereum blockchain network was introduced, technology bloggers and crypto hobbyists saw it as the ideal alternative to traditional crowdfunding...